South Africa. Pensions of more than 80‚000 security guards at risk
The Private Security Sector Provident Fund (PSSPF) is fighting 315 court battles against employers who are failing to comply with rules‚ putting the pensions of more than 80‚000 security guards at risk.
The fund has more than 242‚600 registered members‚ of whom over 2‚500 are not complying with the rules. As a last resort‚ these companies are handed over to the fund’s attorneys who either resolve the matter by agreement or through litigation. The fund says non-compliance by employers is “rife” in the sector.
Fund spokesperson Sindiswa Changuion said more than 80‚000 employees were affected by current litigation.
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